Bitcoin below US$50,000 after weekend’s battering

NEW YORK: Bitcoin hovered around US$49,000 on Monday, down 1.5per cent on the day, as traders nursed losses after a brutal weekend...

Alibaba overhauls e-commerce businesses, names new CFO

BEIJING: Alibaba said it will reorganise its international and domestic e-commerce businesses and replace its CFO – changes that come as the...

Bitcoin surges to $49,105 after Saturday bloodbath

ISLAMABAD: The cryptocurrency market recouped some of the Saturday’s losses on Sunday, with the market capitalisation gaining 5.2 percent to reach $2.44...

Crude oil prices fall 2.77pc for fourth week in a row

ISLAMABAD: Crude oil prices for two major benchmarks went down up to 2.77 percent for the fourth consecutive week after rallying for...

Indian salesmen threaten supply disruptions in protest against Reliance

NEW DELHI: India's household goods salesmen have threatened to disrupt supplies to mom-and-pop stores if consumer companies provide products at lower prices...

Global food prices are at their highest in a decade: UN

UNITED NATIONS: World food prices rose for a fourth straight month in November to remain at 10-year highs, led by strong demand...

Oil rises on OPEC+ plan to meet if Omicron hits fuel demand

MELBOURNE: Oil prices climbed on Friday, extending gains after OPEC+ said it would review supply additions ahead of its next scheduled meeting...

OPEC+ agrees to go ahead with oil output rise, as US pressure trumps virus scare

LONDON: OPEC and its allies agreed on Thursday to stick to their existing policy of monthly oil output increases despite fears that...

Palm drops more than 2pc as Omicron variant worries weigh

KUALA LUMPUR: Malaysian palm oil futures fell more than 2% on Thursday to hit their lowest in nearly two months, as concerns...

OPEC+ begins two days of talks amid oil rout

LONDON: OPEC and its allies begin two days of meetings on Wednesday to decide whether to release more oil into the market...

Japan keen to speed up digital yen launch as China adds geopolitical twist

TOKYO: Japan's new political leadership is calling on the country's financial bureaucrats to ramp up efforts toward issuing a digital currency, pointing...

Large, synchronised global downturn due to omicron highly unlikely: Fitch

LONDON: It is too soon to incorporate the effects of the omicron coronavirus variant into economic growth forecasts until more is known...

Emirates warns Omicron could cause ‘significant traumas’ for aviation industry

DUBAI: A major hit to the peak December travel season because of the Omicron variant of the coronavirus would cause "significant traumas"...
Oil storage

Oil gains on bets OPEC+ will pause output hike

MELBOURNE/SINGAPORE: Oil prices climbed on Tuesday, extending a rebound from last week's plunge on growing expectations major producers would pause plans to...

Erdogan orders probe into Turkish lira’s slump

ISTANBUL: Turkish President Tayyip Erdogan has ordered an investigation into possible currency manipulation after the lira fell sharply to record lows against...